Famous quote by Lucas Papademos

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The ECBs interventions in sovereign bond markets should not be perceived or interpreted as a freebie for governments. Th
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"The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary"

- Lucas Papademos

About this Quote

Lucas Papademos is suggesting that the European Central Bank's (ECB) interventions in sovereign bond markets must not be seen as a form of complimentary cash for federal governments. He is highlighting that these interventions are just short-lived and need to not be taken for approved. This is likely an alerting to governments that they must not rely on the ECB's interventions as a long-term solution to their financial problems. Papademos is likely trying to encourage governments to take duty for their own financial situations and to not depend on the ECB to bail them out. He is also likely attempting to dissuade governments from taking on too much financial obligation, as the ECB's interventions are just short-lived and can not be trusted in the long-lasting.

About the Author

Lucas Papademos This quote is written / told by Lucas Papademos somewhere between October 11, 1947 and today. He was a famous Politician from Greece. The author also have 29 other quotes.

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